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Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted EPS

The following table sets forth the computation of basic and diluted EPS (in millions, except per share amounts):

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Net income

 

$

99.2

 

 

$

80.8

 

 

 

 

 

 

 

 

 

 

Shares:

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — used in calculation of basic EPS

 

 

255.3

 

 

 

251.5

 

Weighted average common stock equivalents — stock options and restricted shares

 

 

10.3

 

 

 

12.2

 

Weighted average common and common equivalent shares outstanding — used in calculation of diluted EPS

 

 

265.6

 

 

 

263.7

 

 

 

 

 

 

 

 

 

 

Earnings per share - Basic

 

$

0.39

 

 

$

0.32

 

Earnings per share - Diluted

 

$

0.37

 

 

$

0.31